How to take loan from True Balance in 2022, True Balance Loan Apply 2022, True Balance Loan App Review, Documents required to avail loan from True Balance.
True Balance Loan App Review : Do you need Instant Personal Loan from True Balance then you have come to the right article. Through today’s article, we are going to give you complete information about How to take loan from True Balance in 2022 which will help you to get loan easily.
In this article you will get accurate information about the process of taking True Balance loan, eligibility, documents required, rate of interest, loan amount, repayment period etc. So you must read this article till the end, only then how will you get loan from True Balance.
What is True Balance? (True Balance Loan App Review)
True Balance is a mobile application where you can recharge your mobile and pay many types of bills like electricity, water, gas, DTH etc. Apart from recharge and bill pay, you can also do shopping through this application and you can also take loan from True Balance if needed True Balance is a very good application which provides you many facilities.
|App Name||True Balance Loan App|
|File Size||15 MB|
How to take loan from True Balance in 2022 (True Balance Loan Apply 2022)
To take a loan from True Balance, you have to follow all the steps mentioned below –
- Step 1 – First of all you download True Balance App from Google Play Store.
- Step 3 – After this, allow any access that True Balance asks for permission from you, and after choosing your language, click on the Start option.
- Step 4 – Then you have to enter your mobile number and click on the button next, and by entering OTP, you have to register in True Balance with your mobile number.
- Step 5 – Finally, you have to set your own password and then click on the option next. In this way your account will be created on True Balance.
- Step 6 – When your account is created on True Balance, then you get to see 2 types of loans in its dashboard Cash Loan and Level – up Loan. Before proceeding further, you need to know about these two types of loans –
- In Cash Loan , you get a personal loan up to a maximum of 50 thousand and the rate of interest in this ranges from 5 to 12.9 percent and the tenure is from 3 to 6 months.
- In Level Up Loan , you get a personal loan up to a maximum of 15 thousand and the rate of interest is 5 percent and the tenure is 62 days. In this you get loan according to the level. This loan starts from Rs 1000 in Level 1.
- Step 7 – After selecting any one of these two loans, you will be asked to complete KYC. True Balance has the following process for KYC.
- In this you have to first enter your PAN card and click on Proceed option.
- And then you have to enter the mobile number linked to your Aadhaar and get the mobile number verified by entering the OTP. In this way your KYC gets verified.
- Step 8 – After getting KYC verified, click on Go to Loan option and select Loan Amount and EMI Tenure and click on Next button.
- Step 9 – After this you have to fill some of your basic details like –
- Your Relationship Status (like if you are single, married, divorced)
- Your Education
- Your Housing Type (meaning you live alone, rent, live with family, etc.).
- You have to select your job (meaning you are Salaried, Self Employee, Student, House – wife)
- Select your company name, Monthly Salary, and Salary Issue Date.
After doing all this process, your application will go to the review. And as soon as your loan is approved, you will get the notification. And you will get further process through True Balance.
This was the complete process of taking loan from True Balance, after reading which you must have understood about How to take loan from True Balance in 2022 . Now it is necessary for you to know other important information also.
Eligibility to avail loan from True Balance
To avail loan against True Balance, it is necessary to know whether you are eligible to take loan from True Balance. Following are the eligibility for taking loan on True Balance –
- Your citizenship should be Indian, if you are not of Indian origin then you cannot get loan on True balance.
- The age of the borrower should be between 18 to 45 years.
- Your monthly income should be at least 15000 rupees.
If you fulfill the eligibility criteria mentioned above, then you will get loan from True Balance easily.
Documents required to avail loan from True Balance
You need the following documents to take True Balance Loan –
- Identity Card – You can use Aadhar Card.
- Residence Certificate – In the residence certificate, you can submit documents like voter ID card, PAN card, electricity bill, gas bill etc.
- You will also need a bank statement, if you do not have a bank statement, then you can also give a photo copy of the transactions of the last 6 months of your passbook.
How many people will get from True Balance
If we talk about how much loan can be taken from True Balance, then friends, you can take loan from 1000 to 50000 rupees from here. It is a good thing in True Balance company that you also get a loan of up to Rs 1000 here.
If you need some money to do some small work, then taking loan from True Balance can prove to be beneficial for you. If you need a little more money, then you can take a personal loan of maximum 50000 from True Balance.
How much interest will be charged on True Balance loan
Whenever we go to take a loan from any bank or financial institutions , then some interest is charged on the loan, if we talk about the interest rate on personal loan, then the interest of 12 to 17 percent or more is charged in banks or financial institutions. is.
But if you take a loan from True Balance, then you get a loan with an interest rate of 5 to 12 percent, which is very low interest for a personal loan.
For how long will you get a loan from True Balance
The tenure of the loan you get from True Balance ranges from 62 days to 180 days. Meaning that you have to repay the True Balance loan in at least 62 days and in a maximum of 180 days.
Since you get a maximum personal loan of up to 50 thousand on True Balance, so it will be easy for a normal person to repay this loan within the above time period.
Charges on True Balance Loan
You also have to pay some charges on True Balance Loan which are as follows –
- Processing Fees ranging from 3 to 15 percent with GST.
- Late Payment Charge, If you do not pay the loan on time, then Late Payment Charge is also levied on you.
Features of True Balance Loan
Some of the key features of True Balance Loan are as follows –
- On True Balance, you get an Instant Personal Loan up to 50 thousand.
- You can also take a loan of at least 1 thousand from True Balance.
- No guarantor is required to avail True Balance loan.
- You do not need a salary slip to take a loan on True Balance.
- The time period to repay the True Balance loan is a minimum of 62 days and a maximum of 180 days.
- The loan received from True Balance is directly transferred to your bank account .
- You do not have to do any kind of paperwork to take a loan on True Balance.
- You get approval quickly on True Balance Loan.
- With True Balance, you can take a loan sitting at home online.
Where can I use True Balance Loan?
You can use True Balance loan for the following purposes –
- You can use True Balance loan for your personal expenses.
- You can use a True Balance loan to meet your household needs.
- Marriage – You can use True Balance Loan in marriage.
- With True Balance Loan, you can go on holidays.
- You can use True Balance loan for your education.
- You can use True Balance loan to take the vehicle.
- You can use a True Balance loan for your treatment.
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After reading this article, you must have got complete information about How to take loan from True Balance in 2022. If you need a personal loan immediately, then you can also take an online loan from True Balance. Hope you got to learn a lot about How to take loan from True Balance in 2022, True Balance Loan Apply 2022, True Balance Loan App Review, Documents required to avail loan from True Balance from this article. Do share this article as much as possible with your friends as well.
FAQ related to True Balance Personal Loan
What is the True Balance customer care number?
True Balance customer care number is 01204001028.
How much loan can I get from True Balance?
Loans ranging from Rs 1000 to Rs 50000 are available with True Balance.
What type of loan is available from True Balance?
Personal loan is available with True Balance